980 W Highway 550, Bernalillo, NM 87004

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Building Details:

• Year Built: 2011

Absolute NNN, 20 year lease, rents started 4/1/2011, still under builder warranty. This property is offered as an investment property with a very strong tenant. This property serves both NM State Highway 550& NM state highway 528. full left & right access to the property is available from NM State Hwy 550. Lease runs through June 2031.
* Brand new IHOP
*Assumable financing
*Construction complete 1/2011
*Strong & growing retail corridor
*Suburb of Albuquerque
*41,200 VPD in front of restaurant
*Starting NOI is $270,000.00 per year
*20year lease rents started 4/1/2011
*Absolute NNN no landlord responsibilities
*Still under builder warranty through 12/2011
*Going inreturn CAP Rate is 7.1%
*2% commission to Buyer Broker